Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF EARNINGS

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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Aug. 31, 2013
Income Statement [Abstract]      
Net sales $ 1,249,254 $ 1,399,862 $ 1,279,742
Cost of products sold 787,413 852,990 772,792
Gross profit 461,841 546,872 506,950
Selling, administrative and engineering expenses 299,601 332,093 293,866
Gain on product line divestiture 0 (13,495) 0
Amortization of intangible assets 24,333 25,166 22,939
Impairment charge 84,353 0 0
Operating profit 53,554 203,108 190,145
Financing costs, net 28,057 25,045 24,837
Other expense, net 106 4,037 2,359
Earnings from continuing operations before income tax expense 25,391 174,026 162,949
Income tax expense 5,519 32,573 15,372
Earnings from continuing operations 19,872 141,453 147,577
Earnings (loss) from discontinued operations, net of income taxes 0 22,120 (117,529)
Net earnings $ 19,872 $ 163,573 $ 30,048
Earnings from continuing operations per share:      
Basic (in dollars per share) $ 0.32 $ 1.99 $ 2.02
Diluted (in dollars per share) 0.32 1.95 1.98
Earnings per share:      
Basic (in dollars per share) 0.32 2.31 0.41
Diluted (in dollars per share) $ 0.32 $ 2.26 $ 0.40
Weighted average common shares outstanding:      
Basic (in shares) 61,262 70,942 72,979
Diluted (in shares) 62,055 72,486 74,580